Middle East and Africa power plant contracts activity down 19% in Q4 2020

18 January 2021 (Last Updated January 18th, 2021 08:55)

Middle East and Africa power plant contracts activity down 19% in Q4 2020

There were 29 power plant contracts announced in the Middle East and Africa region in Q4 2020, marking a drop of 19% over the last four-quarter average of 36, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Middle East and Africa region in Q4 2020 with 29 contracts and a 29.9% share, followed by T&D Project with 27 contracts and a 27.8% share and Generation Equipment with 11 contracts and an 11.3% share during the quarter.

The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

  1. Project Implementation: 20 contracts and a 69% share
  2. Repair, Maintenance, Upgrade & Others: four contracts and a 13.8% share
  3. Consulting & Similar Services: three contracts and a 10.3% share
  4. Power Purchase Agreement: two contracts and a 6.9% share.

Solar is top technology for Middle East and Africa power plant contracts in Q4 2020

Looking at power plant contracts by the type of technology in the Middle East and Africa region, solar accounted for 17 contracts with a 54.8% share, followed by thermal with 11 contracts and a 35.5% share and hydro with two contracts and a 6.5% share.

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Middle East and Africa power plant contracts in Q4 2020: Top issuers by capacity

The top issuers of power plant contracts for the quarter in terms of power capacity involved in Middle East and Africa were:

  1. ACWA Power International (Saudi Arabia): 2,589MW from two contracts
  2. AlDhahir Group (Jordan): 1,000MW from one contract
  3. The Red Sea Development: 210MW capacity from one contract.

Middle East and Africa power plant contracts in Q4 2020: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:

  1. SEPCOIII Electric Power Construction (China): 2,413MW from two contracts
  2. Power Construction Corporation of China (China): 1,034.95MW from two contracts
  3. ACWA Power International (Saudi Arabia): 210MW capacity from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.